Some cities offer higher-paying jobs, but if the cost of living is also higher, a big paycheck still might not go that far. The best combination for your budget would be a city with plenty of high-wage employment opportunities and a low cost of living so you can have enough money after expenses to save for the future. Study breaks down essential cost-of-living factors to show you the best places to live if you want to save money — and which cities make it almost impossible to save. Visit Insidermonkey and see this post for more info about top 10 US cities for saving money.
The study looked at factors that affect people’s finances the most: median income, median home listing price, median rent, unemployment rate, average gas price and average cost of a basket of 15 common grocery items. If you are curious to find something more about how money and technology are related, check out our article on top 5 ways in which technology has changed the way we look at the money.
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